Bitcoin (BTC) slipped toward $64,000 on Tuesday, down more than 1% on the day, after four failed attempts to hold above $65,000, as markets across every asset class turned to Wednesday's U.S. inflation report.
The cryptocurrency reached an intraday high just above $64,400 before fading through the Asian session. Ether (ETH) was the weaker of the two majors, down almost than 2% to around $1,880, per The Block’s price page.
Last week's shock contraction in U.S. payrolls pulled September rate-hike odds down to roughly 44% from about 80% in late July. Wednesday's consumer price data is the first major inflation read since that shift, according to Iliya Kalchev, an analyst at Nexo Dispatch.
BTC and ETH price performance (YTD) | Image: The Block.
What the failed breakout is really saying
